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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (36001)2/23/2000 10:11:00 AM
From: stanley karp  Read Replies (1) | Respond to of 36349
 
Thanks for the quick reply.
My next question is.. how long before this deal closes?
Have any dates been mentioned?
Stan



To: BWAC who wrote (36001)2/23/2000 10:13:00 AM
From: Esway  Respond to of 36349
 
ADCT's CEO to appear on CNBC:
William Cadogan
Chairman & CEO
ADC Telecom.
re: ADCT buys PairGain Technologies
William Cadogan is scheduled to appear February 23rd on Power Lunch (12:00-2:00PM ET).



To: BWAC who wrote (36001)2/23/2000 10:20:00 AM
From: Patricia  Read Replies (4) | Respond to of 36349
 
BWAC, that's not my take...

Didn't the press release state that it was a "fixed rate of exchange: .43 per ADCT share BASED on the yesterdays (2/22)closing price of $46.81."

It did NOT say based on the date of closing.

I interpret that to mean that it doesn't matter if ADCT's price drops...the buyout price will remain fixed. That's equals around $20.00 for each PAIR share.

Curious, anyone else reading it this way?

Patricia


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